Appen Ltd
Appen Limited (Appen) is an Australia-based company.
The business
Appen Limited (Appen) is an Australia-based company. The Company is engaged in providing data services for deep learning and generative artificial intelligence (AI) systems. The Company operates through two segments: Appen Global and Appen China. Appen Global segment represents all operations outside the China Group. Appen China segment represents the China Group operations and includes Japan and Korea. Its data products include Frontier Alignment, Agentic AI, Speech & Audio, Multimodal AI, Physical AI, and Model Integrity. The Company serves various industries, including technology, automotive, financial services, healthcare, retail, and government agencies. The Company uses its advanced AI-assisted data annotation platform, and its products and services serve the Large Language Model (LLM) foundation model builders as well as technology companies and enterprises developing AI applications.
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Latest news
Market Wrap: Soaring bond yields, oil and recession fears crunch Australian shares
ASX 200 falls as bond yields spike and oil surges, dragging miners lower while banks cling to gains amid rate-hike fears.
Appen to slash costs, close North American offices in wake of Google deal termination
Struggling Australian data services company Appen (ASX: APX) has introduced US$13.5 million in cost-cutting initiatives to offset the loss last month of a US$82.8m contract with Google. The initiatives represent direct and indirect costs associated with the delivery of Google projects and include a closure of the company’s North American offices in Toronto and Bellevue. […]
Downer CFO quits, CBA and NAB raise rates ahead of RBA decision and Aussie Broadband celebrates record half year
Downer EDI’s (ASX: DOW) Michael Ferguson is the latest head to roll following the company’s historical revenue misreporting scandal and a “very challenging” half year (H1 FY2023) performance. Mr Ferguson revealed he had resigned from the chief financial officer position on Wednesday and would assist the company with his replacement’s transition over the next six […]
Coles pledges $10m to preserving Great Barrier Reef, Appen deal with Telus falls through and Boral confirms job cuts
Coles (ASX: COL) has pledged $10 million towards the development of blue carbon projects at the Great Barrier Reef off Queensland in an effort to preserve the reef and appeal to ethically minded consumers. The significant investment from the retail giant towards an iconic Australian landmark incorporates investing $10 million over the next decade, capturing […]
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